April 2017

Global Credit Research - 24 Apr 2017 Approximately $210 million of rated debt affected New York, April 24, 2017 -- Moody's Investors Service, ("Moody's") upgraded EMG Utica, LLC's (EMG Utica) Corporate Family Rating (CFR) to B1 from B2, Probability of Default Rating (PDR) to B1-PD from B2-PD and the senior secured term loan rating to B1 from B2. The rating…

OKLAHOMA CITY, April 5, 2017 /PRNewswire/ -- Ascent Resources Utica Holdings, LLC ("ARUH") and ARU Finance Corporation ("Finco" and, together with ARUH, the "Issuers") announced today that they have closed an offering of $1.5 billion of 10.00% senior unsecured notes due 2022 ("Notes"). The Notes will be guaranteed by Ascent Resources – Utica, LLC ("ARU"). A portion of the net…

LEAWOOD, Kan.--(BUSINESS WIRE)-- 4/3/2017 6:45 AM ET -- Tallgrass Energy Partners, LP (NYSE:TEP) announced today that it has acquired an additional 24.99 percent membership interest in Rockies Express Pipeline LLC (“REX”) from Tallgrass Development, LP for cash consideration of $400 million effective March 31, 2017. The acquisition increases TEP’s ownership interest in REX to approximately 50 percent. “We are pleased…